Officers stormed into a row house in east London, shooting a 23-year-old man in circumstances that remain unclear and then arresting him and his 20-year-old brother.
London's Metropolitan Police said both suspects were freed on Friday evening.
Police, who did not publicly identify the men, said in a statement that detectives were still developing the intelligence they had received and would "continue to exhaust all lines of inquiry."
They said they had completed their search of the east London home where the men were arrested. They did not say what, if anything, they had found, but said they would hand the house back to its occupants.
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